Donnelley Financial Solutions (NYSE:DFIN - Free Report) had its price objective decreased by DA Davidson from $76.00 to $72.00 in a research note issued to investors on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock.
A number of other research analysts have also commented on the stock. B. Riley cut their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC reduced their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on DFIN
Donnelley Financial Solutions Stock Performance
Shares of NYSE:DFIN traded up $1.41 during midday trading on Thursday, hitting $49.92. The company's stock had a trading volume of 472,050 shares, compared to its average volume of 238,286. Donnelley Financial Solutions has a fifty-two week low of $47.94 and a fifty-two week high of $71.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 16.31 and a beta of 1.36. The stock's 50 day simple moving average is $62.46 and its 200 day simple moving average is $63.38.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.22). The business had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.
Insider Activity
In related news, CFO David A. Gardella sold 3,000 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares of the company's stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.90% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company's stock worth $69,826,000 after purchasing an additional 4,279 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in Donnelley Financial Solutions by 2.8% in the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company's stock valued at $59,218,000 after buying an additional 24,869 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Donnelley Financial Solutions by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company's stock worth $37,347,000 after buying an additional 39,980 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Donnelley Financial Solutions by 3.6% during the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company's stock worth $39,061,000 after buying an additional 20,652 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Donnelley Financial Solutions by 17.2% in the 4th quarter. Northern Trust Corp now owns 545,203 shares of the company's stock worth $34,201,000 after acquiring an additional 79,848 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.
Donnelley Financial Solutions Company Profile
(
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Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).
Further Reading
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